HORSHAM, Pa., July 21, 2016 /PRNewswire/ -- AAMCO Transmissions, Inc. ("AAMCO"), franchisor of the world's largest branded chain of transmission specialists and an industry leader in total car care services, proudly announced today that during the first half of 2016 it has signed deposit agreements with current and prospective franchisees for 55 new AAMCO® centers anticipated to open by year-end. AAMCO currently has nearly 700 franchised locations across the U.S. and Canada.
In addition to strong franchise development, the AAMCO chain's average unit volume (AUV) per franchised center surpassed $669,607 so far this year – an increase of 4.1 percent compared to 2015. Most recently, the company unveiled a new consumer financing program to drive long-term franchisee profitability that affords participating AAMCO centers the opportunity to offer customers greater flexibility in payment options. The new technology, which gives customers access to multiple lenders through one credit application, has already been successful in maximizing loan approval rates and amounts.
"AAMCO is experiencing yet another strong year of growth and development," said Brett Ponton, CEO and president of AAMCO and its parent company, American Driveline Systems, Inc. "Our brand's proven business model has stood the test of time and is only continuing to evolve as we look for new ways to simplify and improve operational efficiencies. AAMCO's success can also be attributed to the dedication of our strong franchised operators who are committed to providing the best service experience to their customers."
As part of its accelerated growth strategy, AAMCO is continuing to focus the chain's expansion efforts in target cities nationwide, including Atlanta, Baltimore, Chicago, Denver, Miami, Los Angeles, Seattle, and Washington, D.C., among others.
For more than 50 years, AAMCO's network of locally-owned and independently-operated automotive service centers have employed the latest technology. Expert technicians diagnose a repair, fix it right the first time and back it with a nationwide warranty. Known as the world's leading transmission expert, the company has evolved into a total car care brand that provides a variety of services, including brake repair, tune-ups, shocks and struts, routine maintenance and more. AAMCO was recently named to Entrepreneur's 2016 Franchise 500®, ranking at the top of the transmission repair category. Based on network size, growth rate and financial strength, the brand also earned a spot on Entrepreneur's "Best of the Best" list.
With nearly 700 centers across North America, AAMCO is actively seeking single- and multi-unit franchisee operators who are passionate about the brand and committed to providing the highest quality service. Interested candidates should have a minimum net worth of $250,000 and liquid assets of at least $65,000 per unit. Depending on the real estate site selected, franchisees can expect the total investment to be approximately $227,400 – $333,000 with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.
To learn more about franchise or conversion opportunities with AAMCO, contact Eric Simon, director of franchise development, at 866-379-5649 or [email protected], or visit aamcofranchise.com.
About AAMCO AAMCO is the world's largest branded chain of transmission specialists and a leader in total car care services. AAMCO has nearly 700 franchised automotive centers throughout the United States and Canada. Established in 1962, AAMCO-branded centers are proud to have served more than 45 million drivers. For more information, visit: aamcouniversity.com, aamco.com or aamcoblog.com.